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Accounting - please help me!?


This is due today and I am stressed!
prepare a statement of owners equity and what is the missing amount? I dont know?

Beginning
assets $50,000
liabilities 20,000
ending
assets $70,000
liabilities 30,000
owners equity
investments by owner $0
withdrawals by owner 45,000
Income Statements
revenues $230,000
expenses ?
Please help me!Thank You!

Sorry, I just saw the question and it's too late, but for what it's worth, here goes:
Beginning
assets $50,000
liabilities 20,000
owner's equity 30,000

ending
assets $70,000
liabilities 30,000
owner's equity 40,000

Statement of owner's equity
Beginning 30,000
Net income ?
Drawings (45,000)
Ending 40,000
From the above, you can work out the net income to be 55,000.

Income Statements
revenues $230,000
expenses ?
Net income 55,000
From the above, you can work out expenses to be 175,000

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